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Dec 31, 2012
12/12
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getting this behind us is key. and i do think that equities would be able to have a solid year in 2013 once we get rid of some of this mess that we're in. >> what about ed's point to the fundamentals and the slowdown in earnings? >> well, we still are expecting earnings to rise next year. and again, i'm of the camp that so many investors are rarely pessimistic. many have been positioned negatively -- >> john -- john, i'm sorry to cut you off there but we've just got breaking news out of washington. let's get back to john harwood. >> i talked to an aide that said house gop caucus meeting is not principally about the fiscal cliff. it's mostly going to be about sandy relief money from the superstorm. the cliff will come up, but the source said we are not going over any potential deal because there isn't one and the senate hasn't acted yet. >> but even if they're intending to talk more about sandy relief, don't you think the fiscal cliff issue is going to kind of come up? >> of course it's going to come up, but my only
getting this behind us is key. and i do think that equities would be able to have a solid year in 2013 once we get rid of some of this mess that we're in. >> what about ed's point to the fundamentals and the slowdown in earnings? >> well, we still are expecting earnings to rise next year. and again, i'm of the camp that so many investors are rarely pessimistic. many have been positioned negatively -- >> john -- john, i'm sorry to cut you off there but we've just got breaking...
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Dec 21, 2012
12/12
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scott cone is on the news with us. scott, what do you have. >> a federal grand jury in new york returned a three count indictment against the former sac portfolio manager accused in what federal officials call the most lucrative insider trading scheme ever. he was charged earlier under a criminal complaint, a shot across the bow, this indictment signals that if there were efforts and talks under way, to get him to plead guilty and possibly testify against his former boss, steven cohen, those efforts have broken down. again, matthew martoma indicted by a federal grand jury. he could plead guilty and enter into a plea deal. now steaks have gotten higher. if you are steven cohen and his lawyers, you are probably breathing a little bit after sigh of relief. sue? >> i was going to say, put some distance there. thank you very much, scott cohen. >> the market doesn't like what is going on in washington. that's an understatement. we are approaching the lows of a statement. we are off 166 points on the dow. we will get perspect
scott cone is on the news with us. scott, what do you have. >> a federal grand jury in new york returned a three count indictment against the former sac portfolio manager accused in what federal officials call the most lucrative insider trading scheme ever. he was charged earlier under a criminal complaint, a shot across the bow, this indictment signals that if there were efforts and talks under way, to get him to plead guilty and possibly testify against his former boss, steven cohen,...
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Dec 31, 2012
12/12
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what else are you able to tell us? the stock market disappointed to learn this may be an attempt to make a political point rather than a broader announcement. >> yeah, i think the stock market was misinformed if it thought that the president was going to come out and announce a deal. still could happen because they could settle in the next few minutes. but so far we don't have a deal yet where we are looking at the contours of an agreement between vice president biden and senate minority leader mitch mcconnell is increase to 39.6 for income somewhere between 400 and $500,000 and probably 450,000. the estate tax would go up slightly from the level of 35% and current law scheduled to go up to 35 and would probably go up slightly to 40%. you are looking at one year extension of unemployment benefits pen you a honk do they defer across the board automatic budget cuts called sequester. as amman referred to, dekrats want at least one year for that to be turned off. initially asking for two years. republicans say, no, we will
what else are you able to tell us? the stock market disappointed to learn this may be an attempt to make a political point rather than a broader announcement. >> yeah, i think the stock market was misinformed if it thought that the president was going to come out and announce a deal. still could happen because they could settle in the next few minutes. but so far we don't have a deal yet where we are looking at the contours of an agreement between vice president biden and senate minority...
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Dec 30, 2012
12/12
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i used to theorize about things, and he said, "shut up. just go and make it and see if it works." >> with several modifications, james helped create fry's sea truck -- a flat-hulled water craft that could carry heavy vehicles. they sold a few hundred to military outfits around the world. >> i suddenly saw what i wanted to do, you know. i wanted to control it all. i wanted to do all parts of it. i didn't want someone else making what i'd designed. i didn't want someone else telling me what to design. >> but making a move from something as big as a military landing craft to something as small as a consumer product is a big leap. >> i wanted to do things for ordinary people -- things that i used myself. >> so he began by reinventing the wheel -- sort of. >> well, i was doing up a house in the country, and the wheelbarrow kept getting stuck with its narrow wheel in the soft ground, and cement slopped out of it. >> what was the solution? >> the solution was a ball -- a big ball instead of the wheels. >> he called it the "ballbarrow." industry i
i used to theorize about things, and he said, "shut up. just go and make it and see if it works." >> with several modifications, james helped create fry's sea truck -- a flat-hulled water craft that could carry heavy vehicles. they sold a few hundred to military outfits around the world. >> i suddenly saw what i wanted to do, you know. i wanted to control it all. i wanted to do all parts of it. i didn't want someone else making what i'd designed. i didn't want someone else...
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Dec 31, 2012
12/12
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they both join ugh us to break it down for us. john, we're all marveling in washington right now. >> the best deal would be if they got a deal that did something to correct the structural problems. but i think not going over the cliff is probably not good. it wouldn't have been that bad anyways. it would have gone back a day or two into the new year. >> what do you make of the market the fact it's up 140 points now and we don't have a deal yet? >> i think it's because the cliff talk was a bit like a magician's left hand. when he's doing the trick, he's distracting you with the left hand. i think things have been getting better internationally and domestically and we missed that because of what's going on with the cliff in washington. >> chris, what is it about the united states that makes you prefer international over domestic ones? >> first of all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the do
they both join ugh us to break it down for us. john, we're all marveling in washington right now. >> the best deal would be if they got a deal that did something to correct the structural problems. but i think not going over the cliff is probably not good. it wouldn't have been that bad anyways. it would have gone back a day or two into the new year. >> what do you make of the market the fact it's up 140 points now and we don't have a deal yet? >> i think it's because the...
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Dec 14, 2012
12/12
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try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects of exelon patch are nausea, vomiting, and diarrhea. the likelihood and severity of these side effects may increase as the dose increases. patients may experience loss of appetite or weight. patients who weigh less than 110 pounds may experience more side effects. people at risk for stomach ulcers who take certain other medicines should talk to their doctor because serious stomach problems such as bleeding may worsen. patients may experience slow heart rate. thirty days of exelon patch free for your loved one. access to trained nurses for you.
try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common side effects...
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85
Dec 21, 2012
12/12
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eye 85
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the margin issue has largely been used up. it's been -- you have the benefit, all those deficiencies that have taken place plus an exceptionally low cost of capital driven by low interest rates. the margins are probably as wide as they're going to get. we don't see a really robust economic picture either. this story makes that a little bit worse. analysts have been pretty optimistic about earnings growth for u.s. companies for a number of years and you usually don't get that ad infinitum at a 45 degree angle. so the expectation for earnings growth, we have to mute our expectations somewhat. >> we already heard so many conference calls during earnings season the excuse of the fiscal cliff delaying the ability to make decisions regarding purchasing. if we do extend that into one month of the year, that could also really throw a wrench into first quarter earnings as well and be head winds to the market well through the march/april time frame. >> and markets hate uncertainty. so if you have companies that just get by the skin of t
the margin issue has largely been used up. it's been -- you have the benefit, all those deficiencies that have taken place plus an exceptionally low cost of capital driven by low interest rates. the margins are probably as wide as they're going to get. we don't see a really robust economic picture either. this story makes that a little bit worse. analysts have been pretty optimistic about earnings growth for u.s. companies for a number of years and you usually don't get that ad infinitum at a...
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Dec 20, 2012
12/12
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but rather than tell us what they can't do, maybe they should tell us what they can do. and senate democrats and white house refuse to act. they will be responsible for the largest tax hike in american history. the house today will also pass a bill to replace this sequester. it will actually not only replace the sequester with cuts, but even further address the deficit problem that we have. while the democratic controlled have no plan and have offered no dear at all for these kuds. i call on he is not dar read to make sure they can vote on this to make sure before the senate adjourns. back in may, i will remind you, back in may, i said we shouldn't wait until new year's eve to address the fiscal cliff. since then, republicans have made every effort to avoid the situation we find ourselves in. we passed a bill to protect middle class families. from looming tax hikes. we have moved a bill in may to replace the sequester that will undermine our national security. that same bill also has additional cuts in it, which would help reduce our deficit and wave the way for long tim
but rather than tell us what they can't do, maybe they should tell us what they can do. and senate democrats and white house refuse to act. they will be responsible for the largest tax hike in american history. the house today will also pass a bill to replace this sequester. it will actually not only replace the sequester with cuts, but even further address the deficit problem that we have. while the democratic controlled have no plan and have offered no dear at all for these kuds. i call on he...
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Dec 4, 2012
12/12
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at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> bring in jim iorio. you have your eye on merck, why? >> health care was heavily owned and heavily sold in anticipation of cal tall gains going up. le end of the day yield is the only thing money is looking for, a ten-year
at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink...
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Dec 16, 2012
12/12
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dan, lay out the trade for us. >> this was a tough trade. buying out right premium on a directional base business, very difficult to make money. by the end of the day, it came in. i traded a couple different things. i'm going to talk about what i traded at the end of the day. this is one i really like here. when the stock was about $59.80, i bought the january expiration, 62 half, 65 call spread for about 55 cents. i sold one of the 62 half calls at 90 cents -- excuse me, bought one for 90 cents. to reduce the cost, i sold one 65 calls at 35 cents. my max risk is 65. between 63.05 and 65, i can nak $1.95. max gain is $1.95: i can lose that 55 cents in premium up to 55 cents. below 62 half, i lose to 55. here is the thing. this is like catching a falling knife here. you don't want to buy stocks like this on big volume days like that. this is a really good defined risk way to play. >> i like this trade really for two reasons. you highlighted only 6% of the revenues come from apple. actually even if apple started to see compression on the margi
dan, lay out the trade for us. >> this was a tough trade. buying out right premium on a directional base business, very difficult to make money. by the end of the day, it came in. i traded a couple different things. i'm going to talk about what i traded at the end of the day. this is one i really like here. when the stock was about $59.80, i bought the january expiration, 62 half, 65 call spread for about 55 cents. i sold one of the 62 half calls at 90 cents -- excuse me, bought one for...
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Dec 7, 2012
12/12
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tell us how business is and how you view the economy right now. >> business for us is great. we're going to set an all-time record. in fact we'll finally surpass our all-time high in 2007. in 2007 just before the recession, that's when the auto market was around 17 million units. it's only going to hit about 14.5 this year but despite that we're going to surpass our sales record from 2007. even though the recovery has been mixed and unemployment has stayed high, we are bucking that trend with a pretty positive sales result. >> does the fiscal cliff debate and the lack of a resolution at this point impact your business at all? are you hearing from your customers that they might put off a purchase or they're worried about making a purchase given the lack of resolution in washington? >> predominantly it is the uncertainty. on the consumer side, absolutely it has an impact. kind of daily reports of doom that come out all of the media channels. zblipts's playing out on our channels. >> it reinforces consumer skepticism. absolute impact on consumer sent many so it leads to postponi
tell us how business is and how you view the economy right now. >> business for us is great. we're going to set an all-time record. in fact we'll finally surpass our all-time high in 2007. in 2007 just before the recession, that's when the auto market was around 17 million units. it's only going to hit about 14.5 this year but despite that we're going to surpass our sales record from 2007. even though the recovery has been mixed and unemployment has stayed high, we are bucking that trend...
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Dec 13, 2012
12/12
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stay with us. e more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> all right. welcome back. today we got a real true picture of how much this market is hanging on over word coming out of washington. you see the numbers here. we ended with a decline of 74 points on the dow jones industrial average. nasdaq down 21 moipts, and the s&p 500 down about 9 points, but it was a little bit of a roller coaster going into the close because at about 3:30 p.m. eastern time the market -- well, about 3:00 p.m. the market was down 90 points on the dow jones industrial average. then about 3:30 we learned that the president and speaker john boehner hav
stay with us. e more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> all right. welcome back. today we got a real true...
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Dec 28, 2012
12/12
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joining us now from ft. lauderdale, rich steinberg of steinberg asset management and our guest host for -- not just the hour, but for the program. what do you think down there in ft. lauderdale? first of all, do you think that the dust is going to settle at all over the next three days? >> well, if it does settle, it will be a mini deal because i think the republicans will hold the debt ceiling talks over the democrats heads going into the end of february. and, you know, it's kind of like halloween where your kids come home and they're trying to trade candy like, oh, i don't like this snickers kb whiff this. i think today they're going to start that process. they're going to have to try to come to a quick deal at least to get some solution for the amt issue, for the sequester and for unemployment. but even if we go off the cliff to markets, markets react to the unexpected, not the expected. >> knot nobody loves to market climb, but assuming you do have cash on the sidelines, people profit trying to get out o
joining us now from ft. lauderdale, rich steinberg of steinberg asset management and our guest host for -- not just the hour, but for the program. what do you think down there in ft. lauderdale? first of all, do you think that the dust is going to settle at all over the next three days? >> well, if it does settle, it will be a mini deal because i think the republicans will hold the debt ceiling talks over the democrats heads going into the end of february. and, you know, it's kind of like...
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Dec 26, 2012
12/12
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when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of
when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. . >>> we have breaking news in washington. no, not that news but important and sort of in the same ballpark. john harwood has the story. john? >> reporter: related news, bill. part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury...
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Dec 20, 2012
12/12
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it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of volatility to the markets so we'll be watching that. >> enjoy the holidays. >> happy holidays. >> second hour of the "closing bell" is going to begin in five seconds. maria will pick it up on the other side. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're se
it's a plus for us. down the true will really bring a lot of business to us. people are afraid things will charges but the human element here is so important. that's why it's critical. it will be here long time. >> a quick thought on where we stand in the markets right now as we continue to watch the back and forth over the fiscal cliff. >> i think you can see the markets kind of treading sideways here, but, you know, triple witch, last big witch of the year. >> a a lot of...
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Dec 12, 2012
12/12
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us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an economic trigger. an date. fed chief bernanke gearing up in about an hour's time. apple moving into your living room. yes, sir. tech tightian reportedly closer to testing several tv set designs. will it be the game-changer that so many have been waiting on? and you heard it here on cnbc. j.p. morgan's jamie dimon. taking about the fiscal cliff. do they expect a deal? their take on what happens if we do go over. my partner sue at the new york stock exchange. my partner sue with big interviewes this hour. >> that's right, ty. i sp
us. catch the documentary tonight, behind closed doors at mariott, start at okay. >>> "halftime" is over. second half of the trading day starts now. >> absolutely. spend the night in a hotel with scott walker tonight at 9:00. ats he froo free. fed leaving interest rates the same but that's not the news. there is a new bond buying program and making an historic move keeping interest rates down low so long as unemployment rates stays above 6.5%. tying the rate it an...
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Dec 19, 2012
12/12
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eye 54
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call or visit us online. we're ready to help. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> okay. welcome back to "street signs" everybody on cnbc. there's herballife stock down 14.6%. bill acker, noted investor shorting this stock according to cnbc's own kate kelly, and right now we're joined by the ceo of herballife michael johnson. he has calle
call or visit us online. we're ready to help. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our...
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93
Dec 4, 2012
12/12
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eye 93
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i see a lot of people, grocery store, used to write checks or use debit now using credit cards, sure they tell themselves they will pay it all off at the end of the month. my guess is they don't. >> well, you know, we actually don't -- we track the transactions more than anything 'cause visa really doesn't make money off the balances, they make money off the actual transaction but to address your question, debit is still growing much faster than credit. so, i still think we are seeing sort of what i call healthier spending but i wouldn't be surprised to see those credit balances ticking up, certainly with all the holiday spending. >> a lot of companies handing out goody bags in the forms of special dividends these days, either of these companies candidates for that, greg? >> you know, yeah, that's good question. i think on paper, they are. they have strong balance sheets. they have a significant amount of cash on their balance sheets today. they could take on leverage to pay a big dividend but my bet is they will no i think both companies favor share buy backs, very active on that fr
i see a lot of people, grocery store, used to write checks or use debit now using credit cards, sure they tell themselves they will pay it all off at the end of the month. my guess is they don't. >> well, you know, we actually don't -- we track the transactions more than anything 'cause visa really doesn't make money off the balances, they make money off the actual transaction but to address your question, debit is still growing much faster than credit. so, i still think we are seeing...
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Dec 20, 2012
12/12
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kayla tausche joins us with the details, kind of a continuation of what you did for us this morning with sorkin, right, kayla? >> exactly, joe. a study at stanford last year found people who were introduced to a future version of themselves saved more money. bank of america took that research pretty literally, creating a tool called face retirement, which we were able to check out this week. it's a digital aging app that envisions retirement age for you and its costs. you can see it ain't pretty. it is not a sight that you want to see but foreseeing those costs has been problematic. in twice two third of early boomers came up short with their retirement funds. we know brokers always go to press one of two buttons, fear or greed and some critic say this is clearly fear mongering. many young people say it would encourage them to save, if for nothing else plastic surgery. joe, we wanted to show you the real probablies. we had to start from the young cahuna back on "squawk box." this is 107, in 2063. you just don't look very happy. >> i look like i'm on the walking dead. you know what you di
kayla tausche joins us with the details, kind of a continuation of what you did for us this morning with sorkin, right, kayla? >> exactly, joe. a study at stanford last year found people who were introduced to a future version of themselves saved more money. bank of america took that research pretty literally, creating a tool called face retirement, which we were able to check out this week. it's a digital aging app that envisions retirement age for you and its costs. you can see it ain't...
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127
Dec 3, 2012
12/12
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fairly commonly used actually. tell us about those and what to expect. >> you can forget your taxes going up. there are a lot of credits and deductions that will go away too. the child tax credit. that's at $1,000 -- $1,000 credit. that would be cut back to $500. the american opportunity tax credit which allows you to take a kretd credit of up to $2,500 of college expenses would disappedi disappear altogether. the things congress has put in place to reduce marriage tax penalty would be gone. the amt would be gone. those are things that would disappear that people may not be talking about as much right now. >> they are all talking about mortgage deduction and charitable deduction. these are also on the table. possibly on the chopping block. >> those things are, as well. another thing people haven't been thinking about as much but estate tax, dramatic change in that. that has been all over the board for a number of years. but it is on the table now. right now, estates up to $5 million are exempt from the tax which is
fairly commonly used actually. tell us about those and what to expect. >> you can forget your taxes going up. there are a lot of credits and deductions that will go away too. the child tax credit. that's at $1,000 -- $1,000 credit. that would be cut back to $500. the american opportunity tax credit which allows you to take a kretd credit of up to $2,500 of college expenses would disappedi disappear altogether. the things congress has put in place to reduce marriage tax penalty would be...
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Dec 19, 2012
12/12
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, rick santelli with us and sandy vallari with us as well. sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january so everything happens from that point. so frustrating we've got to go through that again. >> does name pact the economy and sort of the fundamentals of this market if we go into january, go over the cliff and then we actually have, to you know, reverse things? i mean, you're beginning the year with more uncertainty. >> ceos are already -- they are holding back on hiring. they are doing all these other things so ultimately, no, it won't have a fundamental impact because i think it will all be retroactive for january 2013. hard for people to hire in such an unce
, rick santelli with us and sandy vallari with us as well. sandy, i'll begin with you. as we're sitting here, i don't know how you feel about the market and the cliff. yesterday one tone. today seems to be we've reverted backwards. >> so frustrating. here we go again. i think the market does have a lot of support at 1420. i do think they will get a deal done but i don't think it will happen this year. i think it happens into january and they can make things retroactively back to january...
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Dec 27, 2012
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used in vehicles? >> in the cat converters. that's the main use for them. there's a real shortage that's been going on in palladium. >> look into the crystal ball. give us an oil price if you came back here a year from today. >> this is the toughest one ever. this is the third year i've conpredictions for you twice. it's not so bad. >> you said it would fluctuate? >> there was one guy who said it would rachet between $130 and $160. i said you have to do better than that so i will do better than that. i think that the trend is in place and we'll get a higher low every year since the recovery in 2009. >> a higher low? >> a higher low. so you will not see anything below $78. i have been waiting for that based upon the fiscal cliff negotiations to find that low so i could get long for the long-term. the upside of the oil is bounded by the geopolitical problems that we might see in 2013. >> and we might see many. how do you predict -- >> there are a couple that we know about. we know about iran and there's a couple that we don't know well and don't talk about. t
used in vehicles? >> in the cat converters. that's the main use for them. there's a real shortage that's been going on in palladium. >> look into the crystal ball. give us an oil price if you came back here a year from today. >> this is the toughest one ever. this is the third year i've conpredictions for you twice. it's not so bad. >> you said it would fluctuate? >> there was one guy who said it would rachet between $130 and $160. i said you have to do better than...
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Dec 19, 2012
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that's all of us. the government needs to sell 300 million shares it still holds at $70 a piece to break even on the 49.5 billion bail yut. we asked you, viewers, whether you thought the bailout was worth it. here is what you said. it saved gm and industry a lot of jobs. 32% say that. no, it cost taxpayers billions. and 23% say we have turned into a bailout nation. what do you think, boys? >> i think, look, what is the cost of this? i think $49 billion. they are obviously losing money if they sell it at $27. the break even was 50-something if they sold all the shares. they will lose money. what is the cost of letting a million jobs go? i don't know. john, what do you think? >> i think this is surprising for a lot of people. we are definitely losing money on this deal. we are losing anywhere from 9 billion to 13 billion. but if you think about how much jobs they say that saved, about, they say a million jobs, that is about $13,000 a job. we would have paid more than that in unemployment for all these pe
that's all of us. the government needs to sell 300 million shares it still holds at $70 a piece to break even on the 49.5 billion bail yut. we asked you, viewers, whether you thought the bailout was worth it. here is what you said. it saved gm and industry a lot of jobs. 32% say that. no, it cost taxpayers billions. and 23% say we have turned into a bailout nation. what do you think, boys? >> i think, look, what is the cost of this? i think $49 billion. they are obviously losing money if...
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Dec 17, 2012
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when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> where will that deal meter stand with t minus two weeks to go and looks like we are getting toward a deal. you had president and house speaker john boehner meeting today at the white house. it does look like, eamon, and who knows if the gop rank and file will get behind them, but it looks like we are getting somewhere. >> it does, brian. here is what we know about the meeting between the speaker and president. it lasted about 45 minutes, we're told. we're also told that tim geithner was among participant, which is an indication to me at least, they are talking in detail beyond vague generality here. looks like the horse trading is going on. we saw the speaker returning to capitol hill earlier today. he is tight-lipped as he always is when he get back from the hill with these meetings. we also saw press secretary jay carney talking a little bit about this a
when times get tough, it rallies us as one. every day, more people believe in the american idea and when they do, the dream comes true. we're grateful to be a part of it. >>> where will that deal meter stand with t minus two weeks to go and looks like we are getting toward a deal. you had president and house speaker john boehner meeting today at the white house. it does look like, eamon, and who knows if the gop rank and file will get behind them, but it looks like we are getting...
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Dec 11, 2012
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thanks so much for joining us. treasury secretary tim geithner told cnbc there will be no deal if it doesn't involve higher rates on the top 2% of the wealthiest. when it comes down to it, will republicans budge on this issue? >> it's kind of crazy for him to say that because, first of all, if they got their higher rates and they also included the approximately 1 million small businesses wrapped into it, you know, they would get enough to run the federal government for about seven days. it wouldn't really solve the problems, and, of course, then they are going to come back and say the rest of the 98%, you've got to come up with money yourselves >> i understand, but the point is will you budge? will you go along with it if it leads to a deal? >> i'm pretty close to the speaker who i admire greatly, and none of us really want to raise the rates because we know once we do they will go up and then the spending will never occur. we've had that happen a lot during my 36 years. >> i was going to say, senator. you've been
thanks so much for joining us. treasury secretary tim geithner told cnbc there will be no deal if it doesn't involve higher rates on the top 2% of the wealthiest. when it comes down to it, will republicans budge on this issue? >> it's kind of crazy for him to say that because, first of all, if they got their higher rates and they also included the approximately 1 million small businesses wrapped into it, you know, they would get enough to run the federal government for about seven days....
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Dec 21, 2012
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and then adapted to civilian use. but they have the same purpose, which is to kill and maim innocent human beings. they're really beings. they are really not used predominantly for hunting. the challenges, and i think it can be done to write a law without exemptions or exceptions that in effect swallow the rule. >> all right. senator, we'll leave it there. thanks so much for your time. >> thank you. >> senator richard blumenthal of connecticut. >>> it is the last weekend for shoppers to hit the stores before christmas. find out which retailers have the most riding on their sales numbers in the next few days. we'll name names. coming up. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please
and then adapted to civilian use. but they have the same purpose, which is to kill and maim innocent human beings. they're really beings. they are really not used predominantly for hunting. the challenges, and i think it can be done to write a law without exemptions or exceptions that in effect swallow the rule. >> all right. senator, we'll leave it there. thanks so much for your time. >> thank you. >> senator richard blumenthal of connecticut. >>> it is the last...
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Dec 7, 2012
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mike santoly, thanks for joining us. we're going to talk about apple much more as the program progresses. certainly, again, the stock opens at least to our show the lows of the day. let's do a market flash now, go to the desk there to see what else is moving. courtney reagan, what else is moving. >> i found a tech name. i think you're going to find this interesting, scott. take a look at shares of cisco. speaking in new york to the analysts to their forward-looking discussion saying the company has gone too long without a major acquisition and sees the tech giant being more active. chambers saying in five years they plan to double. stocks moving slower, perhaps not impressed rkt at least not yet. >> courtney, thanks. so chambers' trigger finger is getting itchy, right? he wants do something. >> he wants do something. that's telegraphed through what we heard here. ratcheting down toward six. that's -- he needs to buy that growth and it's not going be through scientific atlanta. >> all right. coming up on halftime, mcdonal
mike santoly, thanks for joining us. we're going to talk about apple much more as the program progresses. certainly, again, the stock opens at least to our show the lows of the day. let's do a market flash now, go to the desk there to see what else is moving. courtney reagan, what else is moving. >> i found a tech name. i think you're going to find this interesting, scott. take a look at shares of cisco. speaking in new york to the analysts to their forward-looking discussion saying the...
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Dec 26, 2012
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with us that part of the plan? >> yes. no, no, the plan was to have the watch sized and then i noticed brad pitt, big picture, and i realized i may have gone a little light with my wife on christmas and i thought i'd surprise her with a boxing day present. >> fiscal cliff weigh into your decision? >> no. the fiscal gradual slope, you mean? >> whatever it is. >> yes, no, no, i'm not concerned about that. it's in the long-term. plenty of things can happen between now and then and i think a lot of it is hype. >> all right. well, jack, good thing he got that chann that, because starting january 1st, sales tax goes up in california. brad spite or no pitt. melissa? guy? >> please, don't even -- >> guy, can you pass the -- are you done using the barch bag? >> very nice of him to think of his wife. >> got his watch sized. yeah, doesn't everybody, jane? >> that guy's rising above. >> jane, good to see you. >> you know, i have to tell you one thing. somebody said the other day, you know, doesn't brad pitt look awful in that picture
with us that part of the plan? >> yes. no, no, the plan was to have the watch sized and then i noticed brad pitt, big picture, and i realized i may have gone a little light with my wife on christmas and i thought i'd surprise her with a boxing day present. >> fiscal cliff weigh into your decision? >> no. the fiscal gradual slope, you mean? >> whatever it is. >> yes, no, no, i'm not concerned about that. it's in the long-term. plenty of things can happen between now...
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Dec 28, 2012
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who better than ann winblad to tell us? she joins us live from san francisco. ann, welcome back to halftime. nice to see you. >> thanks. happy holidays. >> same to you. thanks so much. i'm not sure if you heard much of the previous conversation. our traders seem to be split at least where we come down on facebook. and it its prospects for the new year. where do you come down? >> the theater about facebook's inability to communicate its service agreements aside which they need to fix 2012 was a year where major enterprises tried to figure out what social media meant. how do they engage with it and how do they measure it? we'll look closely at how walmart did with their 2 billion ad purchase this last quarter. but what's happened around the cmos, there's been tons of investment for marketing information and customer engagement measurement. this will serve facebook very, very well as the enterprise knows how to use this media in 2013. facebook did pull their mobile product this month and i think they are being very careful about that because it is a key ingredient
who better than ann winblad to tell us? she joins us live from san francisco. ann, welcome back to halftime. nice to see you. >> thanks. happy holidays. >> same to you. thanks so much. i'm not sure if you heard much of the previous conversation. our traders seem to be split at least where we come down on facebook. and it its prospects for the new year. where do you come down? >> the theater about facebook's inability to communicate its service agreements aside which they need...
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Dec 3, 2012
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at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> let's bring in a special twitter report. >> so rather than looking at stocks that were trending today we zero in on a particular hash tag leave it in 2012 things you want to say good bye to by year end. some say skinny jeans. another mentioned gangnam style. we took it upon our styles to ask traders what stocks you want to leave behind. steve says for year end i have been selling off shares of general laelectric. cheryl tweeted sprint. and mighty mouth said i sold mos
at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life....
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Dec 31, 2012
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. >> 18 hours ahead of us. >> happy 2013 to those folks just a few hours away from us. good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is joining us from washington, d.c. this morning along with john harwood. joe, i know you have a huge lineup there. and i know you were up a little late last night, too, right? >> yes, becky, very late. you and andrew, i hope you guys are ready for the heavy lifting. can i ask you a question? are they over the cliff in new zealand, do you know? >> yeah, i guess that's it. >> the sequester would have gone into effect. >> no, that's probably only affecting us here, but that shows you how close it is. we are -- i guess something could happen at 11:00. we'll see, beck. andrew, good to see you, as well. >> good to see you. >> we've switched. i've got the jacket on, you've got the jacket off. how does that capital building look? >> it looks great behind you. you look very statesman like, absolutely. you have your rise above pin on for this final day. >> he looks like a senator. >> you do have a senatorial loo
. >> 18 hours ahead of us. >> happy 2013 to those folks just a few hours away from us. good morning, everybody. i'm becky quick along with andrew ross sorkin. joe kernen is joining us from washington, d.c. this morning along with john harwood. joe, i know you have a huge lineup there. and i know you were up a little late last night, too, right? >> yes, becky, very late. you and andrew, i hope you guys are ready for the heavy lifting. can i ask you a question? are they over the...
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Dec 14, 2012
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he joins us first on cnbc to tell us where this bizarre story goes next. john, thanks so much for joining us. you are in miami, aren't you? >> i was just playing around. yes, i am in miami. >> okay. now, we -- i speak with the belize police yesterday and they said this investigation is ongoing, they could charge you with this murder if they do they have an extradition treaty with the u.s. where you would have to go back to belize to answer these charges. what will you do if you are charged with this murder and the u.s. forces you to go back to belize? will you disappear? will you go to answer those charges? >> i would certainly go to answer those charges. but there will be no charges. this is like every other charge they have leveled against me since the 30th of april of this year. the first one being running a meth lab. then running an antibiotics lab without a license. which is a serious crime in the third world. and on and on and on. this is about the eleventh attempt to charge me with something. i will not be charged with this. i will certainly answer
he joins us first on cnbc to tell us where this bizarre story goes next. john, thanks so much for joining us. you are in miami, aren't you? >> i was just playing around. yes, i am in miami. >> okay. now, we -- i speak with the belize police yesterday and they said this investigation is ongoing, they could charge you with this murder if they do they have an extradition treaty with the u.s. where you would have to go back to belize to answer these charges. what will you do if you are...
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Dec 20, 2012
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us. if you are being aggressive, i'll put some pits under there and be very, very cautious. >> stephanie. >> i thit the market wants to go higher. because the underlying fundamentals are getting better. >> look at the existing gdp and look at the housing. it's across the board. so that continues to really help. but even manufacturing. the philly fed, not as bad as expected. i sew i think the sus in a little bit stronger of a position and i would argue in a better position to handle a fiscal cliff problem. then you also have china that we talked about. i thinks that really what's going on in under lying market. >> bill ackman is laying out his short case against herbal life. >> are we into hour two and a half now? >> we're well into hour three. >> ackman is back up as it were. >> it not terribly unusual for ackman. there's a lot of history about looking at what is a pyramid scheme, et cetera. the up shot that herbalife is a pyramid scream and should be treated like one. here's how ackman s
us. if you are being aggressive, i'll put some pits under there and be very, very cautious. >> stephanie. >> i thit the market wants to go higher. because the underlying fundamentals are getting better. >> look at the existing gdp and look at the housing. it's across the board. so that continues to really help. but even manufacturing. the philly fed, not as bad as expected. i sew i think the sus in a little bit stronger of a position and i would argue in a better position to...
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Dec 19, 2012
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he joins us now. good to have you back. >> good to be with you. >> the granddaddy of penalties in your view, right? >> exactly. barclays this summer backed the highest settlement this summer. attorney general holder spoke a few minutes about that the $500 million from department of justice, this is $1.2 billion settlement with ubs. all too often, carl, we've talked about before that there have been puny penalties for financial firms. this amount, this in aggregate $1.5 billion from all regulators, including the swiss and the brits, that serious and significant and will serve as a definite deterrent for the megabanks and other financial firms. >> how much pain -- i know it's a lot of money, but they do escape prosecution. no individuals held to account. i mean, there are other things that could have been done to really get their attention. >> well, you know, i wouldn't -- never say never on the individual matter, carl. that's, you know, criminal prosecution is up to the folks with jurisdiction. you hav
he joins us now. good to have you back. >> good to be with you. >> the granddaddy of penalties in your view, right? >> exactly. barclays this summer backed the highest settlement this summer. attorney general holder spoke a few minutes about that the $500 million from department of justice, this is $1.2 billion settlement with ubs. all too often, carl, we've talked about before that there have been puny penalties for financial firms. this amount, this in aggregate $1.5 billion...
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Dec 22, 2012
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why us? americans have always had easy access to guns, piers, but until fairly recently, no one thought to go to a school to slaughter first graders. why is it we seem to have created a society where those evil people feel empowered to act? what's going on? >> i think it's -- i think it's an accumulation of things. i think the fact that you can buy these very high-powered assault weapons now as easy as you can buy a packet of crisps in a supermarket and find it startling that america bands me from buying six packets of sudafed, but i can buy a weapon and load it with magazines to kill 100 people in a minute. i find that staggering. that is what has escalated. the power and high-capacity magazines. now, that's why i say you have to focus a debate on removing those. then you have to tackle other things, mental health is a huge problem in america. i've heard that maybe 3 million people suffer from a form of mental illness and yet many states are cutting back on their investment in tackling this.
why us? americans have always had easy access to guns, piers, but until fairly recently, no one thought to go to a school to slaughter first graders. why is it we seem to have created a society where those evil people feel empowered to act? what's going on? >> i think it's -- i think it's an accumulation of things. i think the fact that you can buy these very high-powered assault weapons now as easy as you can buy a packet of crisps in a supermarket and find it startling that america...
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Dec 4, 2012
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> the australian dollar strengthening today versus the u.s. dollar. with more data how can you play the currency. let's bring in amelia. despite the strengthening you are looking to short ausi dollar, why? >> i am looking to short because of two very important australia data releases that are going to be released. one is q 3 gdp and the next one is tomorrow evening november employment for australia. they did cut rates as you said last night. i think both q 3 gdp and november employment could come in on the down side of expectations and i think ausi dollar is being overbought as it approaches 105. it was trading in the high 1.40 i7s when i left. i am looking to short it. i would intrt at 1.05 the figure. i am looking for a move down to 1.0350. >> good to see you. see you friday for "money in motion." >> we have you covered in the west coast. jane wells joins us from the best coast. >> facebook isn't just for f
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> the australian dollar strengthening today versus the u.s. dollar. with more data how can you play the currency. let's bring in amelia. despite the strengthening you are looking to short ausi dollar, why? >> i am looking to short because of two very important australia data releases that are going to be released. one is q 3 gdp and the next one is tomorrow evening november employment for...
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Dec 4, 2012
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i'll tell use. what you are suggesting is anyone who drinks too much, anyone who is on pharmaceuticals prescribed by their doctor -- >> that's not what i'm suing getting. >> let him finish. >> it is, because in belcher's background the current law says unless you're committed to a mental hospital or a convicted felon or have an accusation or a conviction for domestic abuse you can't be denied the purchase of a firearm. what igor is saying somebody smart is going sit down and sort out everybody that somebody smart thinks should be denied a firearm according to igor and his friends at think progress. i'm sure that's virtually everyone in america. what was in belcher's background that would have denied him a gun. >> lars, we have a process in the country of giving people licenses to drive cars. they have to pass a test. they have to show that they are capable of driving a car, of doing so safely, of not causing harm and injury to the people around them. all i'm saying to you is that in a country where
i'll tell use. what you are suggesting is anyone who drinks too much, anyone who is on pharmaceuticals prescribed by their doctor -- >> that's not what i'm suing getting. >> let him finish. >> it is, because in belcher's background the current law says unless you're committed to a mental hospital or a convicted felon or have an accusation or a conviction for domestic abuse you can't be denied the purchase of a firearm. what igor is saying somebody smart is going sit down and...
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Dec 13, 2012
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joining us now is dolly lynn. always great to have you on. >> thank you for having me. >> how busy it is this year? >> it is so busy that literally last night, i was in a wine cellar, counting bottles at 1:20 a.m. to prepare the apartment for delivery this morning. >> but we had fun, though. >> we had fun. we didn't get to drink any of it. >> it was a good night. >> yes, yes. no vacations, no fun, but we expect to have fun next year when it's a little slower. >> people are telling you, we want to get this deal done because we're worried about taxes? >> buyers are coming to me, saying, listen. you tell the seller, i will close this year, give me x amount off, they save taxes, i save money, win-win, let's do it. and they are doing it. >> are the buyers, the foreign market -- the buyers in the market seem to be foreigners, at least in the high end that have a lot of cash flow. are these the ones that are taking advantage of this move? >> the americans are the ones taking advantage of this move. it's not the foreigner
joining us now is dolly lynn. always great to have you on. >> thank you for having me. >> how busy it is this year? >> it is so busy that literally last night, i was in a wine cellar, counting bottles at 1:20 a.m. to prepare the apartment for delivery this morning. >> but we had fun, though. >> we had fun. we didn't get to drink any of it. >> it was a good night. >> yes, yes. no vacations, no fun, but we expect to have fun next year when it's a little...
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Dec 31, 2012
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thank you for joining us today. the washington post's jennifer rubin. >>> this is wall street's fear gate. i believe it has seen the steepest drop today since june. down 14%. back below the 20 mark. you can see the dow is slightly about 13,000 again. i think the nasdaq is back -- there you go, back at 3,000 exactly. it feels as if the mark set feeling they are putting faith in a deal getting done before the deadline cracks over our heads. >> what is the "street signs" motto? >> hopium. >> no. >> oh, everything's fine. >> right. and the vix is saying. >> everything's fine. >>. we have other mottos. >> most not fit for a family show. >> what will 2013 bring for housing and poor people of pairs? we will explain what that is when "street signs" returns. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward
thank you for joining us today. the washington post's jennifer rubin. >>> this is wall street's fear gate. i believe it has seen the steepest drop today since june. down 14%. back below the 20 mark. you can see the dow is slightly about 13,000 again. i think the nasdaq is back -- there you go, back at 3,000 exactly. it feels as if the mark set feeling they are putting faith in a deal getting done before the deadline cracks over our heads. >> what is the "street signs"...
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Dec 31, 2012
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tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still going to give me a heart attack. that's health in numbers. unitedhealthcare. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer
tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with...
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Dec 19, 2012
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thanks for joining us. john, you say the company made a big blunder here >> i see this primarily as a customer relations mistake. everyone uses information the data that we share voluntarily and find ways, especially facebook, not to piss people off this much. i think they have to walk this back and apologize, and they can do exactly what they say they are going to do but with their members, not in spite of them. >> a number of users have in fact deleted their accounts. they say they are not going to agree to something without their permission. what's your take on this? >> i think people are a lot of talk. i mean, instagram fully admitted they messed up. it was a bit of a pr blunder. now they have gone back and said whoa, whoa, whoa. we hear why you're concerned and we're going to fix it. they also said the reason they didn't roll out the terms of service immediately and gave it 30 days is because they wanted to hear from the community. wanted to hear their concerns and now they are fixing it and backtracki
thanks for joining us. john, you say the company made a big blunder here >> i see this primarily as a customer relations mistake. everyone uses information the data that we share voluntarily and find ways, especially facebook, not to piss people off this much. i think they have to walk this back and apologize, and they can do exactly what they say they are going to do but with their members, not in spite of them. >> a number of users have in fact deleted their accounts. they say...
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Dec 21, 2012
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john harwood joins us now live with all the details. good evening, john. >> reporter: good evening, larry. you know, the house has now passed on a party line vote, zero democrats in favor, about 20 republicans defecting the spending cut portion of john boehner's plan b. it would cut about $200 billion in spending, overt the automatic sequester cuts to defense programs that republicans have been opposed to. now, the debate bef bthe passage of that spending cut bill, and we still have yet to see the passage of the tax increase bill, which is gotten resistance from conservatives, that was an opportunity for both parties to frame the stakes, and eric cantor, the house majority leader, came on the floor and said, this puts the ball squarely in president obama's court. >> we house republicans are taking concrete actions to avoid the fiscal cliff. absent a balanced offer from the president, this is our nation's best option, and senate democrats should take up both of these measures immediately. >> of course, democrats have no intention of doin
john harwood joins us now live with all the details. good evening, john. >> reporter: good evening, larry. you know, the house has now passed on a party line vote, zero democrats in favor, about 20 republicans defecting the spending cut portion of john boehner's plan b. it would cut about $200 billion in spending, overt the automatic sequester cuts to defense programs that republicans have been opposed to. now, the debate bef bthe passage of that spending cut bill, and we still have yet...
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Dec 20, 2012
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joining us, lou brien is joining us from chicago, a strategist at drw trading. mark, believe it or not, yesterday i watched general electric lower two straight days because apparently some people are downgrading it or at least making some negative comments. and maybe already about the fiscal cliff. art, do you think that's actually happening to the economy at large because we're not in 2013 yet, but because they're already cutting back? >> well, there may be some relation that growth is going to be slower in the fourth quarter, in the first half of 2013. and just about any resolution that we get on the fiscal cliff. and, you know, i think that the -- there was a lot of optimism at the start of the week and it faded a little bit. i don't think all that much has changed. they're probably not going -- not going to get a final deal done until the early days of january. and that way, they're able to -- that way they're able to say they're voting for a tax cut instead of a tax increase and everybody is happy. >> really. so who wants to go over the cliff more, then? bo
joining us, lou brien is joining us from chicago, a strategist at drw trading. mark, believe it or not, yesterday i watched general electric lower two straight days because apparently some people are downgrading it or at least making some negative comments. and maybe already about the fiscal cliff. art, do you think that's actually happening to the economy at large because we're not in 2013 yet, but because they're already cutting back? >> well, there may be some relation that growth is...
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easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. today's construction spending report showing a jump of 1.4% in the month of october. nearly triple the 0.5% expected by analyst. the fiscal cliff looms large. it threatens a lot of this recovery on the recovery. joining me is allen smith, ceo of prudential real estate investors. nice to have you on the program. >> thank you very much. >> what's your take on this whole fiscal cliff discussion. if we go over the cliff, does that undo some good news we're seeing in housing and construction? >> i think with respect to the single family housing market, the impact will be somewhat limited. in the sense that the single family home market has fallen so far. when you look at some of the key indicators today, housing aff d affordability is the best it's been. consumer balance sheets have deld deleveraged. excess supply has been dealt with. with every new job there's greater propensity to form households
easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> welcome back. today's construction spending report showing a jump of 1.4% in the month of october. nearly triple the 0.5% expected by analyst. the fiscal cliff looms large. it threatens a lot of this recovery on the recovery. joining me is allen smith, ceo of prudential real estate investors. nice to have you on the program. >> thank you very much. >> what's your take on this whole...
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Dec 21, 2012
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get in touch with us here, e-mail us, worldwide@cnbc.com. tweet us. >>> joe gill has decided not to slap a downgrade on the country's growth for the first time in four months. japan looks set to recover from its fourth remember session in 12 years on a pick up in industrial demand. still, it did warn that japan's economic environment remains week. the bank of japan also says foreign ownership of government bonds has risen to a record high at the end of september. this is important. the data suggests japan is growing more reliance on overseas investors to fund the nation's massive debt. reuters is reporting that heavy demand from japanese investors has helped increase foreign holding of polish sovereign bonds. asian investors are apparently attracted to poland's better returns and less risky economy. for more on this, we're joined by rajig beswos. i just want to start here on this point about japanese investors buying polish debt. you can understand why a japanese investor is looking for yields. is there any reason to be concerned about their
get in touch with us here, e-mail us, worldwide@cnbc.com. tweet us. >>> joe gill has decided not to slap a downgrade on the country's growth for the first time in four months. japan looks set to recover from its fourth remember session in 12 years on a pick up in industrial demand. still, it did warn that japan's economic environment remains week. the bank of japan also says foreign ownership of government bonds has risen to a record high at the end of september. this is important. the...
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Dec 18, 2012
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give us your take on where the negotiation stands right now. what can you tell us? >> i think it's a real bad idea to raise taxes. we have a struggling economy, and i think we'll have the opposite effect. i think the economy could become more sluggish with increasing taxes. you may get less revenue if you raise tax rate. that being said, i don't know where we are. no one is calling me up to give me any information on this. i'll find out if you find out first, you call me, okay? but we're not really part of the negotiations. that's being done by a couple of people, and i real think in the end as republicans we need to continue standing for what we've already stood for and that's that you stimulate the economy by leaving more money in the private sector. >> what about boehner's plan "b?" ken? >> let me go back to what senator paul said. look, in reality i don't believe people making $1 million in the year, are going to do anything. i just don't believe it. >> i think what you mistake here it matters whose money it is. that's sort of a pejorative or a moralistic way of
give us your take on where the negotiation stands right now. what can you tell us? >> i think it's a real bad idea to raise taxes. we have a struggling economy, and i think we'll have the opposite effect. i think the economy could become more sluggish with increasing taxes. you may get less revenue if you raise tax rate. that being said, i don't know where we are. no one is calling me up to give me any information on this. i'll find out if you find out first, you call me, okay? but we're...
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join us tomorrow. squawk on the street is next. >>> take a look at how we are setting up on this thursday session, the day after the federal reserve decision. a lot of economic data out this morning, jobless claims coming in better than expected. core ppi in line with consensus. retail sales light. as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as chairman ber bernanke warps the fiscal cliff is hurting growth. house speaker john boehner expected to talk on the cliff talks 11 a.m. eastern time. >> told you this week, of course, they were talking actively, now, sprint/nextel offering to purchase the other half of clearwire it doesn't own. >> surges of best buy surging on reports that the founder is on the verge of making a formal takeover bid. >> and google maps has found its way back into apple's operating system. >> of course, we have to start off with the markets. dow
join us tomorrow. squawk on the street is next. >>> take a look at how we are setting up on this thursday session, the day after the federal reserve decision. a lot of economic data out this morning, jobless claims coming in better than expected. core ppi in line with consensus. retail sales light. as for the picture in europe, take a look there. really following the cues of the u.s. markets this morning. our road map today starts with the fed announcing a new round of stimulus as...
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joining us on the phone former senior fbi profiler, mary ellen o'toole. to both of you thank you for helping on a difficult subject. what do you make of this story that the mother was going to send him to psychiatric institute and he got angry and that was one motive for his shooting her? >> well, that certainly could be one of the motives but what you mentioned earlier about the snapping would not in my opinion be correct. that this was not an impulsive crime. there was planning involved and the thoughts of suicide and homicide could have gone back many years in fact. but the planning is what is important. there was a period of time he was putting together a plan to carry out what he did on friday regardless of the stressor that may have occurred several days before. >> and don clark, among other things, the guy tried to destroy his computer, i guess he did destroy his hard drive. others are saying because the mother was friendly with the school principal and counselors there and that she loved the kids at the school more than thshe loved him. does that
joining us on the phone former senior fbi profiler, mary ellen o'toole. to both of you thank you for helping on a difficult subject. what do you make of this story that the mother was going to send him to psychiatric institute and he got angry and that was one motive for his shooting her? >> well, that certainly could be one of the motives but what you mentioned earlier about the snapping would not in my opinion be correct. that this was not an impulsive crime. there was planning involved...
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you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing off, call it about 8 a.m. eastern time. my sources tell me this all began a couple of months back when jeffrey spraker, the ceo of ice approached duncan niederauer, the ceo of the stock exchange about a potential deal. looking forward hearing from both men later in the program. as for the deal itself, if you're a new york stock exchange shareholder, mr. spreker built this account the past decade. 36% of the combined company will be controlled by current new york stock exchange shareholders. you get a premium. also an opportunity to participate in the continued growth of what will be a trading ba he months. they trade
you remember your name before -- >> that does it for us today. make sure you join us tomorrow. right now, time for "squawk on the street." >>> good morning, welcome to squawk on the street. i'm carl quintanilla, melissaly, jim cramer. nyse euro net selling itself to ice for 8.2 billion in cash and stock. david is here to break it down. >> go through some of the numbers four. the deal itself having been officially announced in the last half hour or so board signing...